First Corporation is an exploration-stage company engaged in the acquisition and exploration of mineral properties. The Company has purchased and re-staked two mineral claims units, each comprising 1,280 acres, located in the Red Lake mining District, in the Province of Ontario, Canada, referred to as the FirstCorp claims. First Corporation has the right to explore the FirstCorp claims and has not purchased the actual land on which the claims are filed. On May 18, 2008, the Company decided to discontinue exploration of its mineral claims in the Red Lake district of northern Ontario.